Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/profiteering-provisions-for-realty-projects/article65325173.ece Gavel on the podium. Good copy space. | Photo Credit: Marilyn Nieves NAA says projects getting completion certificate post introduction of GST will
Category: GST
*Tax administration finally being cleaned up, being made more efficient | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/tax-administration-finally-being-cleaned-up-being-made-more-efficient-122040700351_1.html GST collections dropped below the Rs 1.2 trillion mark only once in the last six months. These are astounding statistics for a tax
Pizza toppings: Bringing science into GST!–TAXSCAN
Clipped from: https://www.taxscan.in/pizza-toppings-bringing-science-into-gst/166107/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Pizza Columns By Jigar Doshi & Nikita Maheshwari – On April 4, 2022 6:03 pm One item on the Italian cuisine that everybody is fond of is
Ready to Eat Popcorn Attracts 18% GST: AAR–TAXSCAN
Clipped from: https://www.taxscan.in/ready-to-eat-popcorn-attracts-18-gst-aar/166226/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=PopCorn Top Stories By Jwala K.P – On April 4, 2022 7:51 pm The Telangana State Authority for Advance Ruling ( AAR ) has held that ready-to-eat
*****Big Data can at times spell trouble for taxpayers | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/big-data-can-at-times-spell-trouble-for-taxpayers-122040300841_1.html The tax department’s initiatives would, in the normal course, have been welcomed by honest taxpayers, but implementation issues and the taxman’s misaligned views
GST mop-up hits all-time high of Rs. 1.42-lakh crore in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/gst-mop-up-hits-all-time-high-of-rs-142-lakh-crore-in-march/article65283009.ece The previous record collection was Rs. 1.40-lakh crin January this year The Finance Ministry on Friday reported an all-time high collections through Goods
Framework for GST summons in works – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/gst/framework-for-gst-summons-in-works/articleshow/90534665.cms Synopsis There has been a surge in summons to top management of companies by GST authorities requiring CFOs or CXOs to be mandatorily
Another hurdle to securing input tax credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/input-tax-credit-the-company-one-keeps-the-credit-one-reaps/article65273867.ece Tax wrangles | Photo Credit: xpoint Buyers cannot avail ITC unless sellers are compliant. Now, buyers have to pick their vendors well if
Why GST needs administrative overhaul instead of rate changes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/why-gst-needs-administrative-overhaul-instead-of-rate-changes/articleshow/90454356.cms Synopsis In order to win the confidence of the taxpayers, the administration needs to work efficiently as a facilitator rather than just being
CBIC issues SoP for Scrutiny of GST Returns for FY 2017-18 and 2018-19–TAXSCAN
Clipped from: https://www.taxscan.in/cbic-issues-sop-for-scrutiny-of-gst-returns-for-fy-2017-18-and-2018-19/163269/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Returns Top Stories By Rasheela Basheer – On March 23, 2022 9:07 am The Central Board of Indirect Taxes and Customs (CBIC) has issued a standard operating procedure (SoP) for the
Pizza Topping Tax: Bibek Debroy decodes the curious case of tax on pizza toppings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/bibek-debroy-decodes-the-curious-case-of-tax-on-pizza-toppings/articleshow/90340593.cms Synopsis What is the GST rate on pizzas? There isn’t one. That’s the point. The GST rate on pizza bread – note the
Optimising GST to Make It Deliver – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/optimising-gst-to-make-it-deliver/articleshow/90361307.cms Synopsis The move towards a revenue-neutral rate is overdue and the collection forgone because of external events exerting a pressure on prices will
crypto tax: Govt working on classification of cryptocurrency under GST law – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-working-on-classification-of-cryptocurrency-under-gst-law/articleshow/90333798.cms Synopsis GST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28
Period of Limitation for GST Appeal suspended from 15.3.2020 to 14.3.2020: Allahabad HC directs Appellate Authority to re-consider Appeal
Clipped from: https://www.taxscan.in/period-of-limitation-for-gst-appeal-suspended-from-15-3-2020-to-14-3-2020-allahabad-hc-directs-appellate-authority-to-re-consider-appeal/161707/ Top Stories By Rasheela Basheer – On March 17, 2022 7:04 pm The Allahabad High Court has held that while considering the fact that the period
Grievances of Assessee was not Addressed: Calcutta High Court quashes Income Tax Assessment–TAXSCAN
Clipped from: https://www.taxscan.in/grievances-of-assessee-was-not-addressed-calcutta-high-court-quashes-income-tax-assessment/161145/ Top Stories By Rasheela Basheer – On March 16, 2022 7:02 am The Calcutta High Court has quashed an Income Tax assessment order for the reason
GST: Requirement for Pre-SCN aims at Reducing Litigation, Natural Justice Principles must be Followed, says Allahabad HC [Read Order]
Read More: https://www.taxscan.in/gst-requirement-for-pre-scn-aims-at-reducing-litigation-natural-justice-principles-must-be-followed-says-allahabad-hc/161486/ Clipped from: https://www.taxscan.in/gst-requirement-for-pre-scn-aims-at-reducing-litigation-natural-justice-principles-must-be-followed-says-allahabad-hc/161486/ Top Stories By Taxscan Team – On March 17, 2022 11:10 am A division bench of the Allahabad High Court has observed that the
Taxing pizzas, ice cream or vehicles: GST is neither good nor simple | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/taxing-pizzas-ice-cream-or-vehicles-gst-is-neither-good-nor-simple-122031700159_1.html Separate state-wise Appellate Authority for Advance Ruling don’t serve a useful purpose: there is a need for a national one. It can happen
Small biz may get relaxation from compulsory GST registration norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/small-biz-may-get-relaxation-from-compulsory-gst-registration-norms/article65229117.ece USA, India, E-commerce, Computer, Buying, Credit card, Online Shopping, Retail, Icon | Photo Credit: jadamprostore Matter likely to be taken up in next
‘Pizza topping is not pizza, so will attract a higher GST levy’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/pizza-topping-is-not-pizza-so-will-attract-a-higher-gst-levy/articleshow/90210450.cms Synopsis GST rates on pizzas differ on the basis of how they are prepared and sold. A pizza sold and eaten within a
Fake invoice headache – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/fake-invoice-headache/article65212711.ece BharatPe episode has brought this to the fore You can never run out of things that can go wrong” — Murphy’s law. The
